Steve Schaefer Brokered The Sale of a Single-Family Home at 428 Clinton Street in Carroll Gardens for $4 million.
SOLD
$4,000,000
New York
See Similar DealsSingle Family2,508 SF
Sold 06/18/2024
SOLD
Steve Schaefer Brokered The Sale of a Single-Family Home at 428 Clinton Street in Carroll Gardens for $4 million.
428 Clinton Street
See Similar DealsSingle Family2,508 SF
Sold 06/18/2024
Summary
NEW YORK
Asset Type:Single Family
Price Per Square Foot:$1,594
Total Square Footage:2,508 SF
Transaction Type:Sale
The property asset involved in this transaction is a single-family home located at 428 Clinton Street in the Carroll Gardens market. The sale price was $4,000,000, and the property encompasses 2,508 square feet, resulting in a price per square foot of $1,595.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $4,000,000
- Address: 428 Clinton Street
- Market: Carroll Gardens
- Square Footage: 2,508
- Price per Square Foot: $1,595
- Seller: Stephen Rutterford
- Broker: Steve Schaefer - Serhant
The deal involved broker representation by Steve Schaefer from the agency Serhant, who facilitated the sale on behalf of the seller, Stephen Rutterford. This transaction underscores the activity in the Carroll Gardens market for single-family residences.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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